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ME Group International plc and FotoMaster held over 15% market share in 2023. In the competitive landscape of the photo booth industry, players are vying for market shares through various strategies. ME Group is continuously implementing initiatives such as strategic partnerships to enhance its business capabilities. The company partnered with His Majesty's Passport Office to provide digital photos directly to the UK passport office for passport renewals.
Furthermore, key players such as FotoMaster are leveraging various animations, templates, marketing footage, and workflows in their products to gain a competitive edge over the other market players.
Major companies operating in the photo booth industry are: